Putnam Cuts Expense Ratios Up to 54% for Absolute Return Funds

"Based on advisor feedback and investor needs around inflation and volatility, we decided to take a fresh look at the pricing of the Absolute Return Funds and have determined that a reduction in expenses better aligns them to compete aggressively across the marketplace, and helps to further their use as core investments for many different types of investment portfolios across all time horizons," Reynolds explained.

Nearly 9,000 financial advisors from more than 500 broker-dealers use the Absolute Return Funds in portfolio construction. A recent Putnam national survey of 256 financial advisors about their views on absolute return strategies found that three in five advisors surveyed, or 59%, were likely or certain to recommend them to their clients. The same numbersaid that a major strength of absolute return funds was their ability to help minimize portfolio volatility, and 37% saw them as an effective hedge against inflation.

Read about Putnam Investments' absolute return symposium in November at AdvisorOne.com.